Jul 29, 2011 5:30pm PDT
three months. a big disappointment, half of what economists say we need to see a drop in the unemployment rate. >> one of the big problem with the jobs picture is the confidence gap. all of the traditional fundamamtals that tend to drive better hiring, none of that has translated into robust job growth. >> reporter: to top it all off, it's not exactly a confidence booster to hear r r the first time the richest cououry in the world is sitting on less cash than apple computer. still despite it all, the nation's leaders are locked into the high stakes game of chicken. >> it is maddening to a lot of people, particularly when they watch markets go into a period of volatility driven by what is happening in washington. that affects their pocketbooks on a day to day basis. >> reporter: late night comics are at their wits end too. >> both parties have been acting like children. >> in washington, d.c. our fearless leaders are fighting like a hoard of brides in filene's basement. >> reporter: even china's state run news is describing our debt battles a dangerously irresponsible.